In determining your credit capacity, you first provide for basic necessities, such as:
A) furniture.
B) home furnishings.
C) mortgage or rent.
D) automobile.
E) durable goods.

Question

Quizplus · Accepted Answer

Mortgage or rent should be the first priority when determining credit capacity as it is the most fundamental and necessary expense for shelter. The other options may be important expenses, but can be considered after ensuring that housing costs are covered.

In Determining Your Credit Capacity, You First Provide for Basic